BUSINESS

Recession will be over at end of 2017 – FG

Daily Dispatch March 8, 2017

The Minister of Budget and National Planning, Udoma Udo Udoma, has assured Nigerians that the current economic recession in the country will end of 2017. Udoma made the disclosure during a chat with State House correspondents at the end of the Federal Executive Council (FEC) meeting in Abuja.

BUSINESS

Lufthansa deploys all female crews to mark International Women’s Day

Daily Dispatch March 8, 2017

To commemorate the International Women’s Day on Wednesday, six crews from Lufthansa, SWISS, Austrian Airlines and Brussels consisting only of women will make their morning flights from the Lufthansa Group hubs to Berlin. The jets setting off from Frankfurt, Munich, Düsseldorf, Vienna, Zurich and Brussels will each be flown by two female pilots, according to […]

BUSINESS

N541bn Unpaid Debt: Three Banks Sets To Take Over Etisalat

Daily Dispatch March 8, 2017

Three Nigerian banks are set to take over telecommunications firm, Etisalt today over unpaind N541billion debt. Premium Times reported that the move follows the failure of the Nigerian Communication Commission (NCC) to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks. The banks involved are: Guaranty Trust Bank, Access Bank and Zenith Bank

BUSINESS

Forex: CBN Pumps Additional $100m Into Market

Daily Dispatch March 7, 2017

The Central Bank of Nigeria (CBN) on Tuesday injected another sum of 100 million dollars into the inter-bank foreign exchange market, its acting Director, Corporate Communications, Isaac Okorafor has said. Okorafor said the measure became necessary as part of the initiatives to make Forex easily accessible, thereby crashing demand at the black market. The director made

BUSINESS

Nigeria to sell N130 billion bonds on March 15

Daily Dispatch March 7, 2017

Nigeria plans to raise 130 billion naira ($427 mln) from its third debt sale this year on March 15, the Debt Management Office said on Tuesday. The debt office said it would issue 45 billion naira in bonds due in 2021, 50 billion naira maturing in 2027, and 35 billion naira due 2036, using the […]

BUSINESS

Kaduna Airport Ready Foe 24hrs Operations-NCAA

Daily Dispatch March 7, 2017

Nigerian Civil Aviation Authority (NCAA) has declared the Kaduna International Airport, Kaduna, is fit and ready for 24 hours local and international operations. Spokesman Spokesman of NCAA, Sam Adurogboye who stated this in a statement, said necessary steps to ensure that the status of the Airport as an Alternate Airport to the Nnamdi Azikiwe International Airport, Abuja,